Get facts on capitalism

Thanks for reminding me why I canceled our subscription. “Defending capitalism” (June 1) could not be further from the truth.

Democrats don’t agree with CEOs making millions because we don’t like paying for their employees to live, when they refuse to pay them. We don’t agree that the middle class has to pay tons of taxes and Big Business does not. We don’t have a problem with actors and athletes making millions because we don’t have to pay for their employees. Actors and athletes do pay taxes.

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a bell rings
at a cash register
and the price gets its wings
and rises
a few ceo's making lots of money is really quite small
compared with everything else
its called class warfare, and O'diots are its mercenaries
and jealousy feeds the troops

I suspect Ms Keelin has a minimum wage job. But let me ask, would it be better for the tax paying companies that pay low wages such as call centers and Walmart to get rid of their low wage employees? These companies can find ways to do without them.

It's good to cancel your subscription so that you will not be exposed to facts and your mind can continue to be closed and resistant to various points of view. Lord please don't let me learn anything that maybe accurate.

By the way, one of the reasons CEO pay and compensation is so high part of their contracts caused their compensation to be tied to the company's stock. With Obama's artificial inflation of the stock market companies stock has been soaring and as a result the CEO pay tied to the stock soars also.

Let's not pay a CEO a great salary if his decisions have the ability to bankrupt the company or to make it profitable. Let's pay him something around four times the minimum wage so the left will feel good and the untrained, uneducated, and unmotivated's plight will continue as a result of life choices they made.

Get your facts straigth-please. Your ignorance is showing. The Middle class and all workers can thank Obama and the ACA for the increases in your taxes the next five years. While strangely there is a population of Americans who seem to hold capitalism in contempt-the world has a global economy based on capitalism-course it's state capitalism in some places. But Capitalism won the global stage of acceptance.

You are a fine one to talk. You wouldn't know a fact if it bit you on the butt.

Corporations NEVER pay taxes. Any tax you put on a corporation is simply passed down to the MIDDLE CLASS who consume their product. That goes for EVERYTHING from food to oil. No corporation has ever paid a tax out of their own pocket. Anyone who thinks you help the middle class by taxing corporations is a simple minded fool.

And if you don't think pure capitalism works, please explain why even supposedly socialist countries like China and Russia have thrown in the towel on socialism and adopted rampant, wide open, pure capitalist economies....with hundreds of ULTRA-wealthy CEOs and business owners. IT'S BECAUSE IT WORKS. IT IS THE ONLY SYSTEM THAT WORKS.

And do you want to know why we have to pay for some to live? It's because liberal social welfare programs like welfare, Section 8, and food stamps have artificially inflated the basic cost of necessities. A sorry butt-sitter can make more than a person who actually gets a job and works. But giving the minimum wage earners a raise will not fix the problem because the "givermint" will just give the welfare people another raise to make up for the associated inflation caused by a raise in the minimum wage. The price of everything will go up and no gain in purchasing power for the working folks.

It must be nice to be a bleeding heart liberal. All problems can be solved by forcibly taking something from somebody ELSE.

"Let's not pay a CEO a great salary if his decisions have the ability to bankrupt the company or to make it profitable."
-----
deestafford, a CEO gets paid a great salary REGARDLESS of whether her decisions bankrupt the company or make it profitable.

Do you think that salary is paid by the company? Of course not. It is paid by the middle class that purchases a company's goods or services. Do you think that those actually paying these salaries SHOULDN'T be outraged that they are financing exorbitant salaries at one end, and sub-living wages at the other? Particularly when those salaries are unrelated to actual performance?

We live in a capitalist economy. There is no "opting out" of the corporate marketplace if one wants a life that in any way resembles that of the average American. Corporate compensation boards are rife with both nepotism and cronyism, and the customer that actually pays for these compensation decisions has little choice but pay -- it is a structural feature of the American market. If you exclude the person that actually PAYS for these dysfunctional compensation schemes from making any decisions within the private sector, they are going to turn to public sector regulation as their only recourse.

American consumer -- specifically, middle class -- good will towards the corporate sector is the goose that laid the corporate sector's golden egg. The difference with this goose, however, is that we know what it means when knives are sharpened around us. The last time an entrenched elite decided to exploit an American middle class, there wasn't an America yet. The formation of America was the response to that exploitation. Those who ignore history are doomed to repeat it -- their actions risk fundamental social and political change.

If the middle class that purchases a company's goods or services wish to have say in how much the CEO get's paid, v/s how much the lowest paid employee gets, then I suggest they purchase some stock and vote. Otherwise it is not their company and they have no say except to stop purchasing their goods. That is how a business works...but I don't suspect that you know that, or care, given the past Marxist support.

Pay is linked to the value of the work performed. If you want CEO pay go to school, work your rear end off, advance and maybe you'll get that CEO pay you're so jealous of. Minimum wage requires minimum training and they get paid what they're worth. If you can get hired and trained in a day or so then minimum wage is all you're worth. Don't like what you're making go look in a mirror.

Not an attack. Your post indicated that you either didn't know or didn't care. Not an attack...just an observation.

And taxes are paid 100% by the consumer. They are an expense that a corporation takes into account when pricing their goods. Your refusal to acknowledge that further supports the suspicion that you either didn't know or didn't care.

"It is paid by the middle class that purchases a company's goods or services."
@burninater - if I do not like the way a company is run I will not purchase their product. I will not by a GM car because of the bailout. I do not buy GE products because I do not like their CEO. It is called personal responsibility something most liberals KNOW NOTHING ABOUT.

Canned the subscription so you write a crying letter. Hmm. How will you read your letter for accuracy and all the positive comments. NOT. Sorry some things set me off, so much so I may vote for Obummer in 18, shucky darn he can't run again. So much for my sarcasm.

HAY LEFTIES, DON'T LIKE CAPITALISTIC SYSTEM AND CEO COMPENSATIONS? LET'S DO LIKE THE GOVERNMENT AND HAVE BUREAUCRATS FROM SAY THE VA OR IRS RUN COMPANIES. Yes lying evecutives no accountability lavish parties at government expense, politically motivated instead of profit motivated. BWAHAHAHAHA

.
To be truthful, that statement should have read: "Taxation is the mechanism that SHOULD be used to finance public good --- defense, infrastructure, etc. ....HOWEVER, more often than not, taxes are used to redistribute income, buy votes, influence legislation, acquire political power and punish opponents."

Now, there's a salient fact that Burn seeks to conveniently ignore. he knows it's there, but as the old song goes,
......"There is none so blind as he who will not see."

I see, corgi...and if the taxes go up, will they just keep prices the same and eat the loss in profit? NO...they raise prices to compensate....so corgi...you are absolutely wrong. How many businesses have you run, and I don't mean into the ground?

" How many businesses have you run, and I don't mean into the ground?"
@Pond Life - most liberals have never run anything. Most either work for or lived off the government, professors and then there is the low information and the ignorant.